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No. This is not about GST. But the banks do not allow you to do that. The documents needed to open the current account for a proprietorship firm and a partnership firm are different. The Properietorship firm is opened on your personal PAN whereas the Partnership firm has a separate PAN. Hence you cannot use the same bank account post your conversion f...
Wazzeer Professional Network
ProfessionalCan I move from a proprietorship to a partnership post GST with the same bank account as before?
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Wazzeer Professional Network
ProfessionalNo. This is not about GST. But the banks do not allow you to do that. The documents needed to open the current account for a proprietorship firm and a partnership firm are different. The Properietorship firm is opened on your personal PAN whereas the Partnership firm has a separate PAN. Hence you cannot use the same bank account post your conversion from propreitorship firm to partnership firm
over 3 years ago
View answer
Can I move from a proprietorship to a partnership post GST with the same bank account as before?
-
Wazzeer Professional Network
ProfessionalNo. This is not about GST. But the banks do not allow you to do that. The documents needed to open the current account for a proprietorship firm and a partnership firm are different. The Properietorship firm is opened on your personal PAN whereas the Partnership firm has a separate PAN. Hence you cannot use the same bank account post your conversion from propreitorship firm to partnership firm
over 3 years ago
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